Pro-Bitcoin Congressman Faces Questions as Trump’s Pick for Budget Chief
Rep. Mick Mulvaney, a South Carolina Republican and a long-time bitcoin supporter, nominated by President Trump to be budget director, defended his plan to support entitlement program cuts that Trump said he would protect, according to The Washington Post. Mulvaney has been interested in bitcoin since 2014 after participating in a Small Business Committee hearing on bitcoin. He said it could influence monetary policy. He has accepted bitcoin donations. Mulvaney and Jared Polis, a Colorado Democrat, launched the bipartisan Blockhain Caucus in September. Speaking before the Senate homeland....
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Republican Bitcoin proponent Congressman Mick Mulvaney is the surprise pick for Donald Trump’s Office of Management and Budget chief. Bitcoin ‘Not Manipulatable’ By Any Gov’t. Mulvaney, whose support for Bitcoin has been high profile even within Washington itself, is also due to speak for a second time at the John Birch Society, a ring-wing group which verges on extremism. During his first speech in July, Mother Jones reports Mulvaney “slammed” the Federal Reserve while talking up Bitcoin’s virtues. He described it as “not manipulatable by any government.” At the same time, praise came for....
During Mulvaney’s speech to the John Birch Society chapter, the also praised Bitcoin for its ‘immutability”. Bitcoin enthusiasts are not the biggest fans of the Federal Reserve. Some people would even go as far as saying how the Fed is the cause of all evil in the US economy. One of the people sharing such strong sentiments is Mick Mulvaney, Donald Trump’s budget chief. Interestingly enough, he is also a founder of the Congressional Bitcoin Caucus. When appointing a new budget chief, the President-elect made a rather surprising choice. Up until that moment, very few considered Mick....
A blockchain-friendly member of Congress faced confirmation hearings on Capitol Hill yesterday in his bid to join the Trump administration. Representative Mick Mulvaney, a Republican from South Carolina, was nominated in December by then-President-elect Donald Trump to head up the Office of Management and Budget, which would make him the White House’s point person on budgetary matters. According to the Washington Post, Mulvaney ran into a hiccup or two during his hearings. The conservative US Representative drew fire from Democrats because of a failure to pay $15,000 in federal taxes....
US Senator Elizabeth Warren sent a letter to Securities and Exchange Commission (SEC) Chairman nominee Paul Atkins questioning his call for less strict crypto regulations and potential conflicts of interest. The inquiry precedes his upcoming Senate Banking Committee hearing. Related Reading: US Treasury Faces Backlash Over Attempt To Dismiss Tornado Cash Case Without Final Ruling […]
Recent reports revealed that another member of the US House of Representatives will introduce a new bill on March 14 to codify US President Donald Trump’s executive order for a Strategic Bitcoin Reserve (SBR). This move follows recent efforts by several US lawmakers to formalize and protect Trump’s crypto plan. Related Reading: Trump Family Allegedly […]